DreamWorks Pictures (also known as DreamWorks SKG or DreamWorks Studios, commonly referred to as DreamWorks) is an American film production company, and a label of Amblin Partners. It was founded in 1994 as an original live-action film studio by Steven Spielberg, Jeffrey Katzenberg and David Geffen (together, SKG), of which they owned 72%. The studio formerly distributed its own and third-party films. It has produced or distributed more than ten films with box-office grosses of more than $100 million each. In December 2005, the founders agreed to sell the studio to Viacom, parent of Paramount Pictures. The sale was completed in February 2006 (this version is now named DW Studios). In 2008, DreamWorks announced its intention to end its partnership with Paramount and made a deal to produce films with India's Reliance Anil Dhirubhai Ambani Group, re-creating DreamWorks Pictures as an independent entity. The following year, DreamWorks entered into a distribution agreement with Walt Disney Studios Motion Pictures, wherein Disney would distribute DreamWorks films through Touchstone Pictures; the deal continued until 2016. As of October 2016, DreamWorks' films are marketed and distributed by Universal Pictures. Currently, DreamWorks operates out of offices at Universal Studios Hollywood. DreamWorks is distinct from its former animation division of the same name, which was spun off in 2004 and later became a subsidiary of NBCUniversal in 2016. Spielberg's company continues to use the original DreamWorks trademarks under license from DreamWorks Animation.